Cenovus Energy Inc (NYSE:CVE) price closed lower on Friday, April 12, dropping -0.66% below its previous close.
A look at the daily price movement shows that the last close reads $21.09. The company’s P/E ratio in the trailing 12-month period read 13.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.90 and 52-week low of $14.69. The stock added 13.74% on its value in the past month.
Cenovus Energy Inc, which has a market valuation of $39.22 billion. The company stock has a Forward Dividend ratio of 0.42, while the dividend yield is 1.99%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CVE a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.55. The overview shows that CVE’s price is at present 4.07% off the SMA20 and 14.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 67.70, with weekly volatility standing at 2.42%. The indicator jumps to 1.94% when calculated based on the past 30 days. Cenovus Energy Inc (NYSE:CVE)’s beta value is holding at 2.14, while the average true range (ATR) indicator is currently reading 0.44. An analysis of the Cenovus Energy Inc (NYSE:CVE) stock in terms of its daily trading volume indicates that the 3-month average is 11.71 million.
Current records show that the company has 1.87B in outstanding shares. The insiders’ percentage holdings are 29.51% of outstanding shares while the percentage share held by institutions stands at 56.03%. But the 25.83% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
